Vinay Muralidhar Tonse has taken charge as Managing Director & Chief Executive Officer of YES Bank Ltd (YBL) with effect from April 6, 2026 for three years.
Tonse’s appointment follows Prashant Kumar demitting office as the MD & CEO of YBL on April 5, 2026.
Tonse, a 1988-batch Probationary Officer from SBI, last held the position of Managing Director (Retail Business and Operations) at India’s largest bank from November 2023 till November 2025.
Kumar, ex-Deputy Managing Director and CFO of SBI, first joined YBL as an Administrator in early March 2020. Later that month, he was appointed as MD & CEO following its reconstruction, which then entailed equity infusion of ₹10,000 crore from SBI and other domestic financial institutions.
Published on April 6, 2026